AEMETIS, INC
For the period ended May 14, 2025. Filed Apr 2, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 14, 2025 · Filed Apr 2, 2025
Contents
PAY VERSUS PERFORMANCE
The following table summarizes compensation paid to our Executive Officers and Company performance metrics. Compensation is shown based on compensation provided during the listed years, and is also shown based on a calculation of compensation "Actually Paid" according to SEC regulations that account for changes in the value of issued but unvested options during the year.
| Year | Summary Compensation table total for PEO | Compensation Actually Paid to CEO | Average summary compensation table total for non-PEO named executive officers | Average compensation actually paid to non-PEO named executive officers | Value of initial fixed $100 investment based on Aemetis shareholder return | Aemetis GAAP Net income ($000s) |
|---|---|---|---|---|---|---|
| 2024 | $1,637,000 | $1,637,000 | $823,934 | $432,935 | $108 | $(87,537) |
| 2023 | $1,760,000 | $1,760,000 | $1,112,349 | $1,329,039 | $210 | $(46,420) |
| 2022 | $460,000 | $460,000 | $1,808,819 | $(401,736) | $159 | $(107,758) |
| 2021 | $2,427,700 | $2,427,700 | $854,826 | $5,177,847 | $494 | $(47,147) |
Our Chief Executive Officer (“CEO”), Eric A. McAfee, served as our Principal Executive Officer (“PEO”) during 2021 to 2024. The compensation for our other Named Executive Officers (“Non-PEO NEOs”) is the average of compensation of our Non-PEO NEOs who were employed during all twelve months of the applicable year.
For each year, the values included for compensation "Actually Paid" to our non-CEO NEOs reflect the following adjustments to the summary compensation values:
| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Change in Option Value: | ||||
| Deduct Option Grants During Year, Value at Time of Grant | $(514,694) | $(527,534) | ||
| (i) Add, Option Grants During Year, Value of Unvested at End of Year | $513,878 | $328,663 | ||
| (ii) Add Prior Unvested Options, Change in Value of Unvested at End of Year | $79,052 | $(194,119) | ||
| (iii) Add Option Grants During Year, Value at Vesting During Year | $139,786 | $137,010 | ||
| (iv) Add Prior Unvested Options, Change in Value of Vested During Year | $(1,333) | $(135,020) | ||
| Net Change in Option Value | $4,323,021 | $(2,210,555) | $216,690 | $(390,999) |
| Summary Compensation Table - Total Compensation | $854,826 | $1,808,819 | $1,112,349 | $823,934 |
| Compensation Actually Paid (Average Non-PEO NEOs) | $5,177,847 | $(401,736) | $1,329,039 | $432,935 |
For purpose of calculating the "Actually Paid" compensation, the value of stock options as of the end of a calendar year or as of a vesting date is based on a Black-Scholes valuation model using the following assumptions, expressed as a range over the applicable calendar year:
| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Stock Price | $2.96 – $26.19 | $3.75 – $12.38 | $2.03 - $7.58 | $2.41 -$5.44 |
| Expected Life (years) | 3.50 – 6.42 | 3.50 – 6.17 | 3.50 - 5.625 | 3.50 - 5.625 |
| Risk-Free Rate | 0.27% – 1.39% | 1.25% – 4.27% | 3.36% - 4.81% | 3.63 - 4.68 |
| Volatility | 114.20% – 132.92% | 116.50% – 129.33% | 118.74% - 122.52% | 113.32% - 119.97% |
| Dividend Yield | 0% | 0% | 0% | 0% |
Pay Versus Performance Relationship
The following charts show the relationship between the amounts included in the Pay versus Performance Table for each year from 2021 to 2024, including a comparison of Compensation Actually Paid to the CEO and the average Compensation Actually Paid to our non-CEO NEOs, and each of the two performance measures set forth the Pay versus Performance Table.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.